Company number: 01689381
and approved by Douglas Dunbar
Average time taken to pay invoices: 51 days
Invoices paid:
Invoices due but not paid within agreed terms: 77%
30 days
45 days
For stock invoices our standard payment terms are 'End of Month Following' (45 days) For non stock invoices our standard payment terms are 30 days
Answer not provided
N/A
75 days
No further comment provided
We make two payments a month. Once mid month and once at the beginning of the month. As most of our invoices are end of month following we are usually a few days late with our standard payments. This is something our suppliers are comfortable with. Late payment figures may be exaggerated in this period as we agree to pay a lot suppliers later than normal for our year end.
Non Stock It is up to the budget / invoice holder to resolve any 'non-stock' invoice disputes. Stock Price disputes on stock items (variances to the Purchase Order) are sent to our Procurement team to resolve directly with the supplier. Quantity disputes are largely dealt with by our Purchase Ledger teams. PODs are provided to validate any dispute.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
No
No